Buy : Cords Cable Industries Limited ( CCIL )
CMP : Rs 123
Target : Rs 150 & 200
Time Frame : 1-2 months(Rs 150) and 4 months (Rs 200)
In the business of manufacturing cables, CCIL offers a proxy exposure to the ongoing infrastructure and power growth story. Robust growth in sales and bottomline, diverse revenue mix, established clientele and the proposed entry into HT (high tension) power, rubber and speciality cables segment, suggest good prospects for the company.
[wp_ad_camp_5]
Click the charts to get Enlarged
Todaay (27th May, 2008 ) Cords Cable Industries has bagged an export order worth around USD 12 Million or Rs 500 million for supply of IT Power Cables (Copper Conductor) for a major project in the Middle East. The order is to be completed in the next six to seven months time.
About CCIL
The company caters to industries like power, steel, cement, fertilizers, chemicals, and petroleum among several others. It is pre-qualified and has the approval of large corporates and well known public sector undertakings; top consultants such as Kvaerner Powergas India, Det Norske Veritas As, Toyo Engineering India, Jacob H&G, Engineers India, Mecon, Rites, M.N. Dastur & Co., Tata Consulting Engineers and others. The company`s clientele includes BHEL, Hindalco, NTPC, ACC, Tata Steel, HPCL, GAIL, Siemens, Honeywell, L&T, MRPL to name a few. It exports its products to Bangladesh, Zambia, Oman and Kuwait among other countries.
Conclusion :
Cord cables remains a great and Intellignet investing stock in both short term & Long term view as this point of time.
